Mohab Mamish, chairperson of the Suez Canal Authority, said that the Suez Canal development project has succeeded in the past period to achieve serious steps on the ground.
He added that these steps include the implementation of 105 projects that will be completed within three years.
Mamish said that these projects will help the Suez Canal Economic Zone to be one of the strongest economic zones in the world.
This came during his meeting with Minister of Investment and International Cooperation Sahar Nasr.
The two sides discussed the work plan to encourage investment in the Suez Canal Economic Zone through the adoption of policies that contribute to overcoming difficulties for investors.
Furthermore, they discussed following up the investment plan of DP World Group to develop its investments in the Suez Canal Economic Zone through the establishment of integrated areas that include all services and residential and recreational areas.
On the other hand, Nasr said that the development of the ports located in the Suez Canal development area, and upgrading the services they provide, is one of the effective steps necessary to stimulate investors and attract more investments to that region.
Moreover, Nasr stressed that the new investment law includes a number of incentives and guarantees for investors who want to invest in the Suez Canal Economic Zone.
She pointed out that Egypt’s comprehensive investment map will include all investment opportunities in this region to attract more investors to set up a number of projects that provide unemployment opportunities for youth.
Earlier, Mamish pointed out to the genius place of the Suez Canal development axis, which is one of the most promising investment areas in Egypt, including the six ports that are global centres for maritime transport and services in the world.
Furthermore, Egypt enjoys a focal point between the continent of Africa, Asia, and Europe.